Figure 2.
The framework presents four propositions labelled R P 1, R P 2, R P 3, and R P 4 related to returnee entrepreneurs. R P 1 describes Expanded Human Capital through specialised knowledge, skillset, international social network, and field experience. R P 2 describes High Knowledge Acquisition through top education, specialised industry experience, and social networks. R P 3 describes Informal Institution Support through easier access to formal and informal support for local ventures. R P 4 describes a Privileged Ilustrado background motivated by opportunistic reasons and self-actualisation. On the right side, a matrix labelled Institutional Embeddedness contains columns for Low Integration and High Integration, and rows for High and Low Human Capital. The matrix sections contain S M Es and Freelancers in the high human capital and low integration section, Ilustrados in the high human capital and high integration section, Micropreneurs in the low human capital and low integration section, and Government-assisted R Es in the low human capital and high integration section.The human capital-based Returnee Entrepreneur Opportunity Framework (REOF)
Source: Own compilation